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Can share your your car expenditure a month?

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  #1 (permalink)  
Old 07-07-2020, 02:48 PM
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Default Can share your your car expenditure a month?

Car owners: can share your your car expenditure a month?

to include tax, car maintainence, insurance, etc

and why do u need a car? a luxury or necessity?

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Old 07-07-2020, 04:02 PM
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There is a formula for car affordability.

1. The car must cost less than half your annual household income. E.g. to buy a $150k Honda Odyssey, you and your spouse must take home at least $300k.
2. The car must be paid in full with cash.

Once you have done that, running costs will be less of a concern.

If it matters to you, turbocharging is a moneysaving technology for Singaporeans. You can now buy a selection of cheapskate 1litre turbocharged cars with road tax of only around $390. Low insurance too. Drinks petrol same or better than a 1.5litre car and performace like a 1.5litre car.

Finally, a car is a luxury until you own one. Then it becomes a necessity - can't not have it anymore. So work hard and earn more. Remember the rules.

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Old 08-07-2020, 09:58 AM
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Quote:
Originally Posted by Unregistered View Post
There is a formula for car affordability.

1. The car must cost less than half your annual household income. E.g. to buy a $150k Honda Odyssey, you and your spouse must take home at least $300k.
2. The car must be paid in full with cash.

Once you have done that, running costs will be less of a concern.

If it matters to you, turbocharging is a moneysaving technology for Singaporeans. You can now buy a selection of cheapskate 1litre turbocharged cars with road tax of only around $390. Low insurance too. Drinks petrol same or better than a 1.5litre car and performace like a 1.5litre car.

Finally, a car is a luxury until you own one. Then it becomes a necessity - can't not have it anymore. So work hard and earn more. Remember the rules.
no one puts it better that you do, sir

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Old 06-03-2021, 08:04 AM
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Quote:
Originally Posted by Unregistered View Post
There is a formula for car affordability.

1. The car must cost less than half your annual household income. E.g. to buy a $150k Honda Odyssey, you and your spouse must take home at least $300k.
2. The car must be paid in full with cash.

Once you have done that, running costs will be less of a concern.

If it matters to you, turbocharging is a moneysaving technology for Singaporeans. You can now buy a selection of cheapskate 1litre turbocharged cars with road tax of only around $390. Low insurance too. Drinks petrol same or better than a 1.5litre car and performace like a 1.5litre car.

Finally, a car is a luxury until you own one. Then it becomes a necessity - can't not have it anymore. So work hard and earn more. Remember the rules.
LOL 300k buy conti already still buy what Honda
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Old 06-03-2021, 12:47 PM
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Unhappy

Luckily I don't even have licence, no such problem
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Old 06-03-2021, 01:15 PM
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any recommendation for 1ltr cars turbo?
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Old 06-03-2021, 03:32 PM
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I am currently owning a car and I can still save $8k to $10k a year.
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Old 06-03-2021, 05:22 PM
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couple age 50. currently shares a lexus ES (5 year old ride). bought new about $220k. our household income filed last year about $650k. paid in full after year 1.
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Old 06-03-2021, 05:47 PM
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Default Budget

I was oso looking for posts on car budget. I'm 30+. Bought "performance" car.

Approx 5k monthly, normal 40% down payment.

Salary about 350+ annual. My money not wife

But depre is less than 5k a month la.

Married condo.

Probably overspending?
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Old 07-03-2021, 05:04 PM
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Quote:
Originally Posted by Unregistered View Post
I am currently owning a car and I can still save $8k to $10k a year.
thats very low savings
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